{"data":{"id":"us-ok/okla.-stat.-tit.-54-54-1-1206","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 54, § 54-1-1206","heading":"Applicability","body":"Applicability. (a) Before November 1, 1998, the Oklahoma\n\nRevised Uniform Partnership Act governs only:\n\n(1) a partnership or limited liability partnership formed on or\n\nafter November 1, 1997, unless that partnership or limited liability\n\npartnership is continuing the business of a dissolved partnership or\n\nlimited liability partnership; and\n\n(2) a partnership or limited liability partnership formed\n\nbefore November 1, 1997, that elects, as provided by subsection (c)\n\nof this section, to be governed by the Oklahoma Revised Uniform\n\nPartnership Act.\n\n(b) On and after November 1, 1998, the Oklahoma Revised Uniform\n\nPartnership Act governs all partnerships and limited liability\n\npartnerships.\n\n(c) Before November 1, 1998, a partnership or limited liability\n\npartnership voluntarily may elect, in the manner provided in its\n\npartnership agreement or by law for amending the partnership\n\nagreement, to be governed by the Oklahoma Revised Uniform\n\nPartnership Act. The provisions of the Oklahoma Revised Uniform\n\nPartnership Act relating to the liability of the partnership's\n\npartners to third parties apply to limit those partners' liability\n\nto a third party who had done business with the partnership or\n\nlimited liability partnership within one (1) year preceding the\n\nelection to be governed by the Oklahoma Revised Uniform Partnership\n\nAct only if the third party knows or has received a notification of\n\nthe election to be governed by the Oklahoma Revised Uniform\n\nPartnership Act.\n\n(d) Before November 1, 1998, a partnership or limited liability\n\npartnership continues to be governed by the law in effect prior to\n\nNovember 1, 1997.","path":["OK Code","Title 54"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os54.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"3bf32244b625d112d5013ef6f63ffd9c368a56501a6b83368a942715cd1ebb8c","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-54-54-1-1201","next":"us-ok/okla.-stat.-tit.-54-54-1-1207"},"notice":"GroundRules: Original legal text. Not legal advice."}